GLOUCESTER CULTURE TRUST
Latest income
£502k
Latest spending
£302k
Registered
2018
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity remains a going concern with secured grant funding from Arts Council England, Gloucester City Council, and the Summerfield Trust. However, the trustees acknowledge that current unrestricted reserves are below their stated policy target of three to six months' expenditure and that further work is needed to address this shortfall.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“The trustees recognise aware that the current reserves are not at this level and that further work will be needed In the coming years to address this issue.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: T. Attwood was paid for mentoring services outside his trustee role.
“T. Attwood was paid for his services to mentor a member of staff outside of his role as trustee which was agreed by the board of trustees In May 2023. No other trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: T. Attwood was paid for his services to mentor a member of staff outside of his role as trustee which was agreed by the board of trustees In May 2023.
“T. Attwood was paid for his services to mentor a member of staff outside of his role as trustee which was agreed by the board of trustees In May 2023. No other trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.” — page 11
“Gloucester City council has nomination rights for one Trustee, which Is taken by the Cabinet Member of Culture, who recuses themself when matters relating to the Council are considered” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Gloucester City council has nomination rights for one Trustee, which Is taken by the Cabinet Member of Culture, who recuses themself when matters relating to the Council are considered
“T. Attwood was paid for his services to mentor a member of staff outside of his role as trustee which was agreed by the board of trustees In May 2023. No other trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.” — page 11
“Gloucester City council has nomination rights for one Trustee, which Is taken by the Cabinet Member of Culture, who recuses themself when matters relating to the Council are considered” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£502k
Total spending
£302k
Reserves (reported)
£106k
Employees
6
Trustees
- Amy Belson-Read
- Caroline Catherine Courtney
- Cherrelle Ford
- Clair Elizabeth Greenway
- Esther Laura Croft
- Hannah Mary Brady
- Jennifer Heidi Taylor
- Jessica Gibbs
- Luke Lutman
- Mark Powell
- Nikolas Venios
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £502k | £302k |
| 31/03/2024 | £232k | £234k |
| 31/03/2023 | £115k | £214k |
| 31/03/2022 | £450k | £402k |
| 31/03/2021 | £493k | £391k |
Common questions
Is GLOUCESTER CULTURE TRUST financially healthy?
The accounts state that the charity remains a going concern with secured grant funding from Arts Council England, Gloucester City Council, and the Summerfield Trust. However, the trustees acknowledge that current unrestricted reserves are below their stated policy target of three to six months' expenditure and that further work is needed to address this shortfall. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THIRTY PERCY FOUNDATION | 1 | £88k |
| MINCHINHAMPTON WITH BOX PCC | 1 | £219 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S CHARLTON KINGS | 1 | £20 |